Greece’s defiant rejection of austerity is the main factor behind the dramatic slump in the market but lower commodity prices also to blame, analysts sayMore than $30bn has been wiped off the Australian stock market after debt-ridden Greece’s decision to reject international creditors’ tough bailout terms.The Australian dollar dipped to a six-year low of US$0.7484 in early trading but recovered to 0.7509 as the ASX/S&P 200 and All Ordinaries fell by 1.7%. Related: Greek referendum: we are back to wild markets of the 2008 banking crisis Continue reading...
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